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Pathikrit Bose

Rocket Lab Is Acquiring Iridium for $8 Billion. What That Means for RKLB Stock Now.

Rocket Lab Iridium RKLB SpaceX

Shares of commercial space company Rocket Lab (RKLB) ended 16% higher in yesterday's trading session after it announced the acquisition of satellite services company Iridium (IRDM) in a deal worth $8 billion. Rocket Lab will pay $54 a share for Iridium, with half in cash and half in RKLB stock.

With the impending acquisition, Rocket Lab will become an end-to-end space company, having launch and deployment capabilities, along with providing satellite communications services.

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